Charles Schwab Investment Management Inc. Sells 13,694 Shares of Alamos Gold Inc. (NYSE:AGI)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 931,183 shares of the basic materials company’s stock after selling 13,694 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.22% of Alamos Gold worth $18,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp raised its stake in shares of Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after purchasing an additional 4,521,282 shares during the period. CIBC Asset Management Inc raised its position in Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after acquiring an additional 2,149,915 shares during the period. Triasima Portfolio Management inc. boosted its stake in Alamos Gold by 328.2% in the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company’s stock valued at $21,779,000 after acquiring an additional 1,064,629 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Alamos Gold by 31.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock valued at $68,576,000 after acquiring an additional 1,058,000 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Alamos Gold during the 2nd quarter valued at approximately $15,921,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Down 2.1 %

Shares of NYSE AGI opened at $19.06 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.01 billion, a P/E ratio of 31.77, a P/E/G ratio of 0.88 and a beta of 1.15. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The business has a 50-day simple moving average of $19.50 and a two-hundred day simple moving average of $18.29.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Research analysts anticipate that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. Alamos Gold’s payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Scotiabank boosted their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group increased their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $25.06.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.